Bitget is a cryptocurrency derivative and copy trading platform. The firm has recently announced a new product called Bitget card. The account holders on the platform will be able to apply for this credit card to make global virtual currency payments. The firm announced the product during the Future Blockchain Summit in Dubai Harbor.
The firm has revealed that Bitget card holders will have a high-limit on the purchases made from USD VISA credit card. In this manner, the users will be able to make payments in virtual currencies on a global scale.
Utility of Bitget’s Credit Card
Bitget Managing Director, Gracy Chen, shared the roadmap for the development and progress of Bitget during her speech. She explained that the card holders would be able to convert their crypto reserves into fiat currencies. In this manner, they will be able to use the card for payments where traditional credit and debit cards are accepted.
At the same time, users will also be able to gain cashback rewards on their purchases, get the best forex rates for making international transactions, and best security features to prevent any type of fraudulent transactions. The company is launching the credit card option in 180 nations.
Bitcoin and Ethereum Price Appreciation Events
Bitget director, Chen also talked about Bitcoin halving and the matter of Bitcoin spot ETFs. She noted that Ethereum Cancun-Deneb upgrade and Bitcoin changes are going to shape the latest trends in global markets. Chen also talked about emerging technologies such as Web3 and AI tech.
She claimed both industries are developing at a rapid pace. She mentioned that these sectors intertwine with Bitget’s branding and motto namely trade smarter. Bitget is also working on a series of AI-backed tools that will allow users to perform secure and efficient financial trades.
She talked about the role of AI to contribute to the development of Web3 sector. She mentioned that Telegram bots play an important role in the cryptocurrency ecosystem.
Telegram has a massive user base where digital currency investor’s flock by thousands. Chen said that the platform has around 80 million monthly active users and Bitget will gain major advantages by collaborating with the social media platform.
Bitget to Increase Its Trading Volume for Investors in the Middle East
Bitget has informed the users that it is working on increasing its operations in Middle Eastern territory. She retained that 2023 has played a pivotal role in the development of the crypto derivative platform.
She further talked about the $100 million EmpowerX fund founded in September. This fund goes towards assisting the growth of the company in a strategic manner. In addition, Bitget has introduced Big Time to its GameFi services.
This service will allow players to access the latest innovations taking place in the crypto markets. In this manner, users will remain updated regarding DeFi token releases, AI tokens, and other GameFi projects such as Big Time. Bitget is currently active in 100 countries around the globe.
It is serving 20 million users. Account holders can also access spot trading and derivatives options for virtual currencies in order to increase their trading capabilities.
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